Fall Regulatory Summit
Internal Use Only Inflation: Transitory or Persistent? (source: Bureau of Labor Statistics)
• CPI by 0.6% in August – after being up 0.2% and 0.2% in July and June. Overall CPI up 3.7% over last 12 months. • Core CPI up 0.3% in August – after being up by 0.2% and 0.2% in July and June. Core up 4.3% over same period. • Energy component rose by 5.6% in August. The energy component is down 3.5% over the last 12 months. • Food component rose by 0.2% in August. The energy component is up 4.3% over the last 12 months. • PCE up 3.3% for 12 months ending in July, core PCE up 4.2% over the same period.
FALL REGULATORY SUMMIT Denver, CO – September 25, 2023
Internal Use Only
Energy Cost: Oil & Natural Gas
$10.00 $12.00 $14.00 $16.00
$140
WTI
$120
Gas HH
$100
$- $2.00 $4.00 $6.00 $8.00
$80
$60
$40
$20
Jul-07
Jul-14
Jul-21
Jan-04
Jan-11
Jan-18
Sep-08
Sep-15
Sep-22
Mar-05
Mar-12
Mar-19
Nov-09
Nov-16
May-06
May-13
May-20
FALL REGULATORY SUMMIT Denver, CO – September 25, 2023
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